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Ford slips as tariffs take an $800 million bite out of its earnings

Ford announced its second-quarter earnings results after the bell on Wednesday.

7/30/25 4:33PM

Despite being more shielded from tariffs than many of its rivals, with 82% of its North American vehicles built in the US, Ford says levies have cost it $800 million so far this year.

The Detroit automaker detailed the tariff-related impact in its second-quarter earnings report, released after the market closed on Wednesday. Though Ford’s seen benefits from tariff panic buying and its four-month-long employee pricing discounts, the charges are still a hit to profits. Earlier this year, Ford estimated a $1.5 billion full-year tariff impact for 2025.

On Wednesday, it upwardly revised that to “about $2 billion.”

Ford posted adjusted earnings of $0.37 per share, beating the $0.33 per share analysts polled by FactSet expected. The automaker reported a net loss of $36 million on the quarter related to one-time charges (largely attributed to the cancellation of an electric SUV). Wall Streeted expected a $1.25 billion profit.

Ford’s shares were down about 2% in after-hours trading.

Sales came in at $50.2 billion, nearly 10% better than the $45.79 billion analysts were anticipating and up 5% from last year. Earlier this month, Ford said its second-quarter unit sales had risen 14% compared to last year.

Looking ahead, Ford expects full-year earnings before interest and taxes of between $6.5 billion and $7.5 billion. The automaker previously pulled its annual outlook amid tariff uncertainty. In February, Ford had projected full-year earnings before interest and taxes of between $7 billion and $8.5 billion, though those figures did not account for sector tariffs on vehicles or auto parts.

The automaker has been issuing recalls at a level bordering on legendary this year. Through June alone, Ford issued 88 safety recalls, more than the full-year total for any other automaker, ever.

Ford’s EV losses continued to pile up, with its Model e segment losing $1.33 billion on the quarter, 15% more than last year. The division has lost $2.18 billion through the first half of this year.

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JetBlue is raising its bag fees as fuel costs squeeze airlines

JetBlue will reportedly hike its bag fees, as the cost of jet fuel continues to climb amid the war in Iran. It’s the latest example of carriers finding ways to push rising costs onto travelers.

Last week, United Airlines CEO Scott Kirby said that if fuel prices remain elevated, fares would need to rise another 20% for his airline to break even this year.

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.